Business Developments & Projects
Formation of CoolCo completed, new CEO named
The formation of the new shipping company CoolCo, with Eastern Pacific Shipping and Golar LNG as shareholders, has now been completed.
Norway’s oil & gas output to shrink as offshore workers scale up strike action
Dispute over wage demands threatens to reduce oil and gas production in Norway, as offshore workers are likely to down their tools this week.
Fugro picks team for next-gen uncrewed surface vessel
Fugro is developing its next generation of uncrewed surface vessels (USVs) called Blue Prism, which will deliver autonomous geophysical surveys. Fugro signed a contract with Kooiman Engineering and Van Oossanen Naval Architects for the naval design of this next generation of USVs. Engineered for ope
France to get first high-powered hydrogen barge for electrification of ships at berth
Améthyste, ArianeGroup, Cetim, HDF Energy, Rubis Terminal and Sofresid engineering have teamed up to develop a multi-service power barge ELEMANTA H2, designed to supply green electricity and hydrogen to large ships, reducing their polluting emissions by more than 80% during port calls.
Elogen to provide PEM electrolysers for Charbone’s green hydrogen projects
French tech company for PEM electrolysis Elogen is to supply Canadian green hydrogen group Charbone with PEM electrolysers for its green hydrogen projects in North America.
Nexans named preferred bidder for EuroAsia Interconnector
Nexans Norway has been selected as the preferred bidder for the engineering, procurement, construction and installation (EPCI) contract of the HVDC cable systems for first stage of the EuroAsia Interconnector. Nexans will be in charge of the EPCI of two HVDC cable systems, Pole 1 and Pole 2, for the
CMA CGM, ENGIE investing in biomethane production to meet shipping needs
French shipping major CMA CGM Group and compatriot utility company ENGIE have unveiled plans to co-invest in the Salamander project, known as the first industrial and commercial unit for second-generation biomethane production. As described, the Salamander project is the application on an industrial
Orbital Marine secures €9.2M tidal energy funding
Scottish company Orbital Marine Power has completed the operational finance of the world’s most powerful tidal turbine, securing £8 million (€9.2 million) via the Scottish National Investment Bank and individual investors.
PGN and Gunvor partner on LNG supply
T Perusahaan Gas Negara (PGN), a unit of Indonesian state-owned oil and gas company Pertamina, has partnered up with a unit of Swiss energy trader Gunvor on global LNG supplies.
MPC Container Ships orders two carbon-neutral 1,300 TEU vessels for North Sea ops
Norwegian container tonnage provider MPC Container Ships ASA has ordered two carbon-neutral 1,300 TEU newbuildings at Chinese shipyard Taizhou Sanfu Ship Engineering.
TECO 2030 gets funding to develop hydrogen-powered high-speed vessel
A consortium led by Norwegian cleantech company TECO 2030, compatriot shipbuilder Umoe Mandal and maritime engineering company BLOM Maritime is developing a hydrogen-powered high-speed vessel with zero emissions under the “High-speed vessel of the future” project. Under the project, the county munic
As merger with Lundin goes into effect, Aker BP unveils plans to spend over $15 bln on projects
The merger between Aker BP and Lundin’s E&P business has been completed, creating the largest listed E&P firm focused exclusively on the NCS.
Ocean Infinity trials remote survey system for Armada fleet
Marine robotics company Ocean Infinity has completed the first trial of its remote survey system, reaching an ‘important milestone’ in readiness for the Armada fleet of unmanned surface robot vessels. According to the company’s update on social media, the demonstration was completed from the UK-base
With stakes in two more wells secured, Longboat expects first to be spud this month
After completing the farm-in agreement with OMV, Longboat Energy anticipates the drilling of the first of two wells to be done this month.